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Bloomberg Quint
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Vietnam Offers To Remove All Tariffs On US After Trump Action
- Vietnam has offered to remove all tariffs on US imports after Donald Trump announced a 46% levy on the southeast Asian nation, according to an April 5 letter from Vietnam’s communist party.
- In the letter, Vietnamese party chief To Lam requested that the US not apply any additional tariffs or fees on Vietnamese goods and asked to postpone the implementation of the tariff announced by Trump last week by at least 45 days after April 9.
- The letter confirms comments made by Trump on Friday on his Truth Social network, following a call between the two leaders.
- Vietnam, which has increasingly become a key manufacturing and export alternative to China, was slapped with one of the highest tariff rates worldwide last Wednesday.
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Medium
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Everyone Wants to Be a Founder Until It’s Time to Do Founder Things
- Out of 1.52 lakh startups recognized under Startup India, the failure rate in just one year was 3.3%.
- Koo, a social media app that gained popularity in India, announced its shutdown after failed acquisition talks and lack of funding.
- Building a startup is not just about having a great idea, but also about execution, timing, luck, and grit.
- While some startups struggle, others thrive by staying lean, iterating fast, and building sustainable businesses.
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Bloomberg Quint
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64
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Govt Set To Exceed FY25 Capex Target Of Rs 10.18 Lakh Crore By A Modest Margin
- The government is poised to exceed its revised capital expenditure (capex) target for FY25 by a modest margin.
- The capex target in the Budget 2025 was set at Rs 10.18 lakh crore, down from Rs 11.1 lakh crore.
- Latest figures suggest that the final expenditure could surpass this target.
- For FY26, a capex allocation of Rs 11.21 lakh crore (3.1% of GDP) has been set.
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Bloomberg Quint
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43
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China Investors Brace For ‘Ugly’ Monday On US Tariff Retaliation
- China investors are bracing for a grim Monday as the nation’s markets return from an extended weekend and factor in its retaliation to US tariffs.
- A fall of similar magnitude in the local shares could put multiple Chinese equity gauges into a technical correction, and in some cases close to a bear market.
- The quick retaliation by China, following US President Donald Trump unleashing the steepest increase in tariffs in a century last week, has raised the odds of a global recession.
- The yuan will also be in focus as analysts have long been saying Beijing may weaken the currency to boost exports and blunt the impact of higher US tariffs.
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Bloomberg Quint
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38
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Finance Ministry To Merge 15 Regional Rural Banks Under ‘One State-One RRB’ Plan
- The finance ministry is set to implement the 'One State-One RRB' plan, merging 15 regional rural banks into one.
- The consolidation will reduce the total number of regional rural banks from 43 to 28.
- Key states such as Andhra Pradesh, Uttar Pradesh, and West Bengal will undergo the consolidation.
- This move aims to achieve operational efficiency, cost rationalization, and growth capital infusion in the regional rural banking sector.
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Bloomberg Quint
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246
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UK Companies Could Gain Competitive Advantage From Trump Tariffs
- UK companies could benefit from Trump's preferential treatment of British exports, gaining a competitive edge amid the trade war.
- The 10% duty on UK goods by Trump could lead to opportunities for UK manufacturers to be more competitive in the US market.
- The UK government is in talks with the US for a targeted trade deal to reduce tariffs further.
- Experts predict a small direct impact on the UK from the tariffs, with potential gains if a trade agreement with the US is established.
- The UK's balanced trade with the US and Prime Minister Keir Starmer's rapport with Trump may facilitate a favorable deal for the UK.
- The UK's 10% baseline tariff, in contrast to other countries facing higher tariffs, could be advantageous in the long term.
- Trump's tariffs may prompt the Bank of England to cut interest rates, potentially benefiting the UK economy.
- While there are potential upsides for UK businesses, global economic risks and uncertainty remain concerning.
- The IMF warns of a significant risk to the world economy, while Bloomberg Economics estimates a possible GDP reduction for the UK due to the tariffs.
- Markets anticipate BOE rate cuts in response to Trump's tariffs, with both positive and negative impacts expected for the UK economy.
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Bloomberg Quint
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90
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Toyota Kirloskar Reports Record Sales In Fiscal 2025
- Toyota Kirloskar Motor aims to maintain sales volume growth in the current fiscal with plans to expand the sales network and introduce new models.
- The automaker expects demand for its SUVs and MPVs to remain robust in the ongoing financial year.
- The company plans to increase production capacity and explore electrification, including the introduction of battery electric vehicles as part of its commitment towards carbon neutrality.
- Toyota Kirloskar Motor reported its highest-ever sales in the last financial year, with a growth of 28% compared to the previous year.
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Bloomberg Quint
2w
5
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Dabur, Marico Say Rural Growth Outpaced Urban In March Quarter
- Rural market growth outpaced urban market growth in the March quarter for the FMCG industry, according to leading players.
- FMCG companies flagged margin pressure due to high input costs but remain optimistic about double-digit growth in fiscal 2026.
- Traditional trade (Kirana shops) faced pressure, while modern trade channels, e-commerce, and quick commerce continued to grow.
- FMCG companies expect profitable growth in fiscal 2026, relying on factors such as moderating retail and food inflation and forecasts of a normal monsoon.
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Bloomberg Quint
2w
406
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Nifty In Technical Charts: Short-Term Trends Unclear
- The short-term trends for the Nifty in technical charts are unclear.
- CK Narayan advises not to make any fresh moves and wait for more clarity.
- In the past rally, the desired outcomes such as short covering were observed.
- CK Narayan had earlier made a successful call to buy Nifty stocks.
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Bloomberg Quint
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199
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Swiggy Gets Rs 7.59 Crore Tax Demand Order
- Food delivery platform Swiggy has received a tax demand order of Rs. 7.59 crore for the April 2021 to March 2022 period.
- The demand is related to the violation of provisions pertaining to the deduction of Profession Tax from employees' salaries under the Maharashtra State Tax on Professions, Trades, Callings & Employments Act, 1975.
- Swiggy stated that it will challenge the order and believes it has strong arguments to protect its interests.
- The company believes that the order will have no significant impact on its financials and operations.
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Bloomberg Quint
2w
64
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Adani, Vedanta, Patanjali Among 26 In Fray To Acquire Jaiprakash Associates
- Gautam Adani's group, Vedanta, and Patanjali Ayurveda are among the 26 suitors looking to acquire Jaiprakash Associates.
- Other potential buyers include Torrent Group, Jindal Power, Dalmia Cement, GRM Business, Oberoi Realty, and Kotak Alternate Asset Managers.
- Jaiprakash Associates, currently under insolvency proceedings, is facing claims worth Rs 57,185 crore.
- The company has major real estate projects like Jaypee Greens and several subsidiaries, along with non-operational cement plants and leased limestone mines.
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Bloomberg Quint
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411
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Too Much Froth? Starbucks Reins In India Plans As Coffee Competition Heats Up
- Starbucks has slowed down its store expansion in India due to increasing competition and consumer fatigue.
- The US coffee giant had plans to open 1,000 outlets by 2028, but is facing headwinds due to rivals flooding the market with more affordable options.
- Starbucks opened only half of the targeted 30 stores in the December quarter, as traffic was dropping.
- To stay relevant, Starbucks has introduced smaller cup sizes, Indian-flavored menu items, and made its cafes more affordable and inviting.
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Bloomberg Quint
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250
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Muthoot Finance Sees Gold Price Surge As Key Growth Driver For FY26
- Muthoot Finance expects gold price surge to be a key growth driver for FY26, increasing loan disbursements and customer participation.
- Despite the rise in valuation of pledged gold, Muthoot's loan-to-value ratio remains below the regulatory cap set by Reserve Bank of India.
- Muthoot Finance is confident in its market position, emphasizing that its 5,000+ branches and longstanding reputation give a competitive edge.
- Muthoot Finance is well-capitalised for future growth, with a capital adequacy ratio of nearly 30% and a low leverage ratio of three times.
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Bloomberg Quint
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220
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How To Update Nominee Details To EPF Account? Check Steps Here
- EPF account holders can now update nominee details online without visiting EPFO offices.
- To update or change the EPF nominee online, the account holder must have an activated and Aadhaar-linked UAN, a mobile number linked with Aadhaar, an updated member profile with photograph and address, and a scanned photo of the nominee.
- Steps to add nominee to EPF account: log on to the EPFO portal, log in with UAN, password, and captcha, navigate to the Manage tab and click on E-nomination, enter the details of the nominee and save the family details.
- EPF nominations are limited to parents, children, and spouses.
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Bloomberg Quint
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380
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Income Tax: Will April Salary Be Taxed Under New Bill Or 1961 Act?
- The new financial year in India has introduced more favorable tax slabs under the new income tax regime.
- The new Income Tax Bill, 2025 aims to replace the existing taxation laws in India and simplify tax compliance.
- Income earned in the current fiscal year will continue to be governed under the Income Tax Act, 1961.
- The new income tax bill is yet to become a law and is currently under review by a 31-member Lok Sabha panel.
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